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The Best States for Paying Taxes in 2015

Home » Blog » The Best States for Paying Taxes in 2015

October 23, 2015 By john

We already covered the MonopolyTaxworst states for paying taxes in 2015, so today we thought it would be a good idea to cover the states with the lowest taxes. Below you’ll see the states where people enjoy spending the least amount of money in taxes.

Delaware

Delaware residents have a 2.2% tax rate, which is very low compared to some of the other northern states. However, this rate applies only to those with an income under $5,000. For incomes over that amount, you will be taxed at a 6.6% tax rate.

Wyoming

People love living in Wyoming because they do not have a state tax. Instead, residents only have to pay 4% on the purchases that they make in the state and there is a 24-cent tax for gas.

Alaska

If you can handle the weather, Alaska is a great place to live this year. Residents there enjoy no tax at all (even on sales). However, gas is taxed at a rate of 12 cents per gallon.

Louisiana

Some parts of the south are known for being affordable and Louisiana happens to be one of them. Residents enjoy a 2% state income tax unless they make $50,000 ($100,000 for joint filers) and then they have a 6% tax rate. Sales tax is also 4% and there is a fee of 20 cents per gallon for gas.

Closing Thoughts

If you want to pay the least amount of money in state taxes, planning a move to one of these states would be beneficial to you.

Image credit: Tax Rebate

Filed Under: Taxes

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